Skip to main content

China’s non-manufacturing PMI down in April

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday.

BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday.

A reading above 50 indicates expansion, while a reading below reflects contraction.

The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe.

In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March.

The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao.

The statistician said that business activities related to the consumer market had warmed further due to holiday factors and effective COVID-19 control.

The sub-indexes for business activities related to the catering services, ecological protection and entertainment industries all rose from their levels in the previous month.

NBS data also points to an improved climate in China’s construction industry as activities picked up, with the sub-index for business activities at 57.4 in April.

The sub-index tracking business activity expectations for the industry hit 64.8, remaining above 60 for the third consecutive month, showing the confidence of construction enterprises.

Friday’s data also showed that the PMI for China’s manufacturing sector came in at 51.1 in April, slightly lower than the 51.9 seen in March. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s non-manufacturing PMI down in April

Labels:

Comments

Post a Comment

Popular posts from this blog

Chinese enterprise starts work on Fiji’s Lautoka port yard 3 project

Abstract : China Railway First Group (Fiji) Co., Ltd (CRFG) on Monday started to work on Fiji's Lautoka Yard 3 development project intended to increase the storage capacity of the Lautoka port 24 km north of Fiji's third largest city Nadi. SUVA, Feb. 22 (Xinhua) — China Railway First Group (Fiji) Co., Ltd (CRFG) on Monday started to work on Fiji’s Lautoka Yard 3 development project intended to increase the storage capacity of the Lautoka port 24 km north of Fiji’s third largest city Nadi. Speaking at the groundbreaking of the project, Fiji’s Permanent Secretary for Commerce, Trade , Tourism and Transport Shaheen Ali said, “This project needs to be delivered in a timely manner, without compromise to quality and standards. I am sure China Railway First Group (Fiji) Co, Ltd is up to the task.” The new project will significantly boost Fiji’s ability to deal with trade and efforts to turn into a transshipment hub in the Pacific, according to the minister. With some four millio
Post a Comment
Read more

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E
Post a Comment
Read more